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Exercise 15-14 The stockholders' equity accounts of Bramble Company have the following balances on December 31, 2017. Common stock, $10 par, 289,000 shares issued and
Exercise 15-14 The stockholders' equity accounts of Bramble Company have the following balances on December 31, 2017. Common stock, $10 par, 289,000 shares issued and outstanding Paid-in capital in excess of par-common stock Retained earnings $2,890,000 1,300,000 5,860,000 Shares of Bramble Company stock are currently selling on the Midwest Stock Exchange at $35. Prepare the appropriate journal entries for each of the following cases. (Credit account titles are automat amounts.) (a) (b) A stock dividend of 8% is (1) declared and (2) issued. A stock dividend of 100% is (1) declared and (2) issued. A 2-for-1 stock split is (1) declared and (2) issued. Debit Credit No. Account Titles and Explanation (a) (1) (a) (2) (b) (1) (b) (2) (C) (1) (c) (2)
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